SEC Could Pause Many Lawsuits While Awaiting Crypto Regulatory Clarity

February 19, 2025 at 10:05 AM EST

Binance and the Securities and Exchange Commission (SEC) jointly requested a pause in their ongoing lawsuit earlier this month. The filing referenced the newly established cryptocurrency task force and the expectation of clearer regulations, particularly regarding whether certain crypto assets should be classified as commodities or securities.

The decision to pause legal action against Binance has increased speculation that similar lawsuits involving other crypto firms, initiated under the previous SEC leadership led by Gary Gensler, may also…

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